MicroStrategy Goes All In on Bitcoin, Spending Over $1B to Buy the Dip as Crypto Market Soars

• MicroStrategy used $800M from a convertible note issue to buy 12,000 Bitcoins at $72,000 each, totaling $864M • The company then offered another $500M convertible note issue, with plans to buy more Bitcoin • MicroStrategy is focused on aggressively acquiring as much Bitcoin as possible over the long-term • The Bitcoin market has been hitting new price records lately, fueling investor enthusiasm • As a major Bitcoin holder, MicroStrategy stock price rose 25% this week amid the crypto craze